Convenience store goes for $2.33 million

Published: Tuesday, October 1, 2013 at 1:00 a.m.

Last Modified: Monday, September 30, 2013 at 9:52 p.m.

SARASOTA - A local company has sold a convenience store and gas station across from Sarasota Memorial Hospital for $2.33 million.

K41 LLC, which is managed by Clarence A. Griffin, sold the 1,560- square-foot property at 1801 S. Tamiami Trail to a Brooklyn, N.Y., company. K41 paid $1.73 million for it in May 2009.

The buyer, Nako777 LLC, financed its purchase with a $1.2 million loan from Gateway Bank.

Stations have been changing hands at a steady pace in the region this year.

In August, St. Petersburg-based Convenience Center Development Associates sold a convenience store and gas station at 2525 N. Tamiami Trail to Tamiami Partners LLC for $2.83 million. Convenience Center Development paid $1.8 million for the property in January 2009.

In July, three gas stations, at 4933 Fruitville Road, 2800 Bee Ridge Road and 1135 S. Beneva Road, in Sarasota, were bought by ATCO Inc., a Sarasota company managed by Alan M. Elwell, for $3 million.

The seller was McCarley Oil Co. Inc., a Sarasota company managed by Daniel E. McCarley.

In April, SR 776 LLC, of Venice, paid $899,000 to buy a 6,000- square-foot gas station and convenience store at 1800 S. McCall Road in Englewood out of foreclosure from Englewood's defunct Peninsula Bank. A Staten Island, N.Y., company paid $1.5 million for the gas station in June 2005 and ceded it to the bank in March 2009.

<p><em>SARASOTA</em> - A local company has sold a convenience store and gas station across from Sarasota Memorial Hospital for $2.33 million.</p><p>K41 LLC, which is managed by Clarence A. Griffin, sold the 1,560- square-foot property at 1801 S. Tamiami Trail to a Brooklyn, N.Y., company. K41 paid $1.73 million for it in May 2009.</p><p>The buyer, Nako777 LLC, financed its purchase with a $1.2 million loan from Gateway Bank.</p><p>Stations have been changing hands at a steady pace in the region this year.</p><p>In August, St. Petersburg-based Convenience Center Development Associates sold a convenience store and gas station at 2525 N. Tamiami Trail to Tamiami Partners LLC for $2.83 million. Convenience Center Development paid $1.8 million for the property in January 2009.</p><p>In July, three gas stations, at 4933 Fruitville Road, 2800 Bee Ridge Road and 1135 S. Beneva Road, in Sarasota, were bought by ATCO Inc., a Sarasota company managed by Alan M. Elwell, for $3 million.</p><p>The seller was McCarley Oil Co. Inc., a Sarasota company managed by Daniel E. McCarley.</p><p>In April, SR 776 LLC, of Venice, paid $899,000 to buy a 6,000- square-foot gas station and convenience store at 1800 S. McCall Road in Englewood out of foreclosure from Englewood's defunct Peninsula Bank. A Staten Island, N.Y., company paid $1.5 million for the gas station in June 2005 and ceded it to the bank in March 2009.</p>